Brent Rises to Five-Month High on Syria Clash, Libya Loss
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Brent crude rose to its highest level in six months after the U.S. said it will hold Syria’s government accountable for the use of chemical weapons, while Libya’s production slumped amid protests.
Futures climbed as much as 1.7 percent in London. The evidence is “undeniable” that Bashar al-Assad’s government used toxic weapons against residents of a Damascus suburb, U.S. Secretary of State John Kerry said. Libya’s National Oil Corp. said output may have dropped below 200,000 barrels a day, the lowest since the 2011 uprising against Muammar Qaddafi.